Excise duty on petrol hiked by Rs 1 per litre, diesel by Rs 1.50, 4th hike in over one month

The central government on Saturday evening announced it was hiking excise duty on petrol by Rs 1 per litre and on diesel by Rs 1.50.

Basic excise duty on unbranded or normal petrol has been increased from Rs 8.48 per litre to Rs 9.48 and the same on unbranded diesel from Rs 9.83 to Rs 11.33, a notification of the Central Board of Excise and Customs (CBEC) said.

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